Minority Business Development Agency - U.S. Department of Commerce

#ICYMI: Today, Vice President Kamala Harris announced the 43 winners of the $125 million American Rescue Plan-funded Capital Readiness Program. MBDA’s Capital Readiness Program is the largest-ever direct Federal investment in small business incubators and accelerators of its kind. “President Biden and I are fighting to ensure that every entrepreneur in America — no matter who they are or where they live — can access the capital to start or grow a business, create jobs, and thrive.” – Vice President Harris For more information, visit www.MBDA.gov/CRP

Tonight, the U.S. Department of Commerce’s Minority Business Development Agency hosted its Third Annual Welcome Reception in honor of CBCF's 53rd Annual Legislative Conference, highlighting the Department's work and commitment fostering an economy of equal opportunity. Thanks to all who joined, including the elected officials, members of Congress --- including the distinct members of the CBC.?#PoweredByMBDA #CBCF #ALC53

Reflecting on the Capital Readiness Program's (CRP) first year, we're blown away by the transformative impact it's had on minority business enterprises (MBEs) across the nation. This groundbreaking initiative has opened doors and created unprecedented opportunities for entrepreneurs from historically underserved communities. By connecting MBEs with the $10 billion State Small Business Credit Initiative (SSBCI), CRP has been instrumental in leveling the playing field for entrepreneurs of color, women, veterans, and innovators in rural areas. We've witnessed firsthand the resilience and creativity of these business owners as they've secured capital, scaled their operations, and created jobs in their communities. Learn more about the CRP: https://www.mbda.gov/crp #WeAreMBDA #Entrepreneurship #DiversityAndInclusion #BusinessReady #AccessToCapital

En la Administración Biden Harris estamos dedicados a construir una economía de oportunidades. El Departamento de Comercio y MBDA son parte fundamental de esta estrategia. La firma del Memorándum de Entendimiento entre Minority Business Development Agency - U.S. Department of Commerce y la Federación de Cámaras Binacionales de Comercio (FEBICHAM) es una pieza clave para incluir y empoderar a las empresas minoritarias de nuestras diásporas Latinoamericanas en esa economía de oportunidades a través de nuestros programas de acceso al capital, equidad en la procuración gubernamental y promoción de las exportaciones; en este último espacio pensamos que las diásporas tienen una ventaja competitiva y cultural para acelerar su crecimiento internacional.

Today, Deputy Under Secretary Eric Morrissette and FEBICHAM President, Patricio Sepulveda, signed a Memorandum of Understanding (MOU) at the U.S. Department of Commerce. This MOU?allows MBDA and FEBICHAM to work together?on policy and opportunities that positivity impact minority business enterprises (MBEs), including expanding access capital and procurement contracts, opportunities to undertake?international trade missions across Latin America, and working across each other networks to help reach diaspora MBEs that seek to scale domestically and?internationally. The chambers of commerce represented by FEBICHAM include Argentina, Chile, Colombia, Honduras, Costa Rica, Asia Pacific, Venezuela, Paraguay, Peru, Uruguay, and Ecuador.?#WeAreMBDA #JuntosSomosMás #PoweredByMBDA #DiasporaMBEs #SomosMBDA

We will not forget. But we will always overcome. #NeverForget

Yesterday, Deputy Under Secretary Eric Morrissette participated in a roundtable discussion with the MBDA San Jose Business Center, ASIAN Inc., and National ACE to identify and discuss the challenges within the Asian American and Native Hawaiians/Pacific Islander (AANHPI) business community. His visit to California included a stop in Santa Clara to deliver a keynote address on MBDA's work, impact and work alongside National ACE at their 2024 National Conference. #PoweredByMBDA #MBDASanJose #NationalACE #ASIANInc. #AAPIStrong

Tomorrow, I am honored to be speaking at the NALCAB 2024 National Conference on behalf of the Minority Business Development Agency - U.S. Department of Commerce, discussing Federal Government resources available for minority-owned business development. Excited for this opportunity to empower minority-owned businesses with valuable information. #LatinoEmpowerment #NALCAB2024 #Opportunities

The Miami MBDA Business Center's one-and-only Marie Gill will receive Jamaica's Badge of Honor for Meritorious Service for her work in operating M. Gill & Associates, Inc., and the corresponding Miami MBDA Business Center! Read more at: https://ow.ly/LHOy50TeQTT #WeAreMBDA

This Labor Day, we take the time to celebrate the workers and unions who built America and keep our country going. We observe this day and honor the energy and innovation of our staff, and all working Americans, who are the backbone of our nation's progress. Thank you for your hard work and contributions.